PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,619 shares of the credit services provider’s stock after acquiring an additional 652 shares during the quarter. Everhart Financial Group Inc.’s holdings in PayPal were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Mizuho Securities USA LLC lifted its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. Primecap Management Co. CA lifted its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after acquiring an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PYPL. Monness Crespi & Hardt raised their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley reduced their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $77.97 on Monday. The company has a market cap of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The business has a fifty day simple moving average of $86.42 and a 200-day simple moving average of $80.25.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.